Brokerages forecast that Big 5 Sporting Goods Corporation (NASDAQ:BGFV) will announce sales of $271.38 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Big 5 Sporting Goods Corporation’s earnings. The highest sales estimate is $272.00 million and the lowest is $270.60 million. Big 5 Sporting Goods Corporation posted sales of $279.02 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that Big 5 Sporting Goods Corporation will report full year sales of $271.38 million for the current year, with estimates ranging from $1.03 billion to $1.04 billion. For the next year, analysts forecast that the company will post sales of $1.05 billion per share. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Big 5 Sporting Goods Corporation.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.06). Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. The firm had revenue of $243.67 million for the quarter, compared to analysts’ expectations of $251.03 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis.

Several analysts have recently issued reports on the stock. Forward View reissued a “hold” rating and set a $8.00 price objective on shares of Big 5 Sporting Goods Corporation in a research note on Sunday, September 3rd. ValuEngine cut shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet cut shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Deutsche Bank AG cut shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $11.67.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt purchased 48,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $7.71 per share, with a total value of $370,080.00. Following the transaction, the director now owns 18,600 shares in the company, valued at $143,406. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in BGFV. Denver Investment Advisors LLC purchased a new stake in Big 5 Sporting Goods Corporation during the 2nd quarter worth $14,188,000. Ameriprise Financial Inc. boosted its position in Big 5 Sporting Goods Corporation by 130.5% during the 1st quarter. Ameriprise Financial Inc. now owns 502,749 shares of the company’s stock worth $7,592,000 after purchasing an additional 284,650 shares during the period. Koch Industries Inc. boosted its position in Big 5 Sporting Goods Corporation by 1,905.8% during the 2nd quarter. Koch Industries Inc. now owns 278,723 shares of the company’s stock worth $259,000 after purchasing an additional 264,827 shares during the period. American Century Companies Inc. boosted its position in Big 5 Sporting Goods Corporation by 472.6% during the 1st quarter. American Century Companies Inc. now owns 310,203 shares of the company’s stock worth $4,684,000 after purchasing an additional 256,024 shares during the period. Finally, Navellier & Associates Inc purchased a new stake in Big 5 Sporting Goods Corporation during the 2nd quarter worth $3,255,000.

Big 5 Sporting Goods Corporation (BGFV) traded up 1.38% on Wednesday, hitting $7.35. The stock had a trading volume of 594,989 shares. The firm has a market cap of $159.83 million, a price-to-earnings ratio of 6.76 and a beta of -0.06. The company’s 50-day moving average price is $8.27 and its 200 day moving average price is $12.52. Big 5 Sporting Goods Corporation has a one year low of $7.10 and a one year high of $20.35.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 8.16%. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is 54.55%.

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Big 5 Sporting Goods Corporation Company Profile

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

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Earnings History and Estimates for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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